Asian CFOs brace for downturn, but eye expansion: survey
Teneo’s report notes that 83% of chief financial officers in region expect the global economy to worsen
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[SINGAPORE] More than eight in 10 chief financial officers (CFOs) in Asia expect the global economy to worsen in the coming months – a markedly more pessimistic view than that of their peers elsewhere.
Yet many are simultaneously prioritising opportunities for international expansion, according to unpublished regional findings from Teneo’s inaugural Global CFO and Investor Outlook Survey.
Christian Buss, senior managing director and co-head of investor relations at the public relations and advisory firm, told The Business Times on Wednesday (Jul 2) that 83 per cent of CFOs in Asia expect the global economy to worsen in the second half of the year.
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